Posts

Showing posts from August, 2019

Retirement Portfolio Net Worth - as of Aug1 -2019

The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and our children’s RESP. We didn't make any contributions in July however, we did spend a few thousand on the rentals and also contributed to our children's education saving plan. Both of which are not included in the below numbers. ASSETS July Contributions: $0 Retirement Portfolio: $493,319 (up $3,162 stock market gain) Rental Property #1: $105,000 (lowest estimated selling price) Rental Property #2: $155,000 (purchase price) Rental Property #3: $230,000 (purchase price) Total Retirement Assets: $983,319 (up $3,162) LIABILITIES : Investment Loan: $10,965 (down $1,283) Rental Property Loan #1: $65,633 (down $701) Rental Property Loan #2: $145,824 (down $575) Rent